AmEx (AXP) Reports 48% Surge in Q4 Net Income, Sales Rise 13%
Tweet Send to a Friend
Get Alerts AXP Hot Sheet
Price: $74.44 -0.89%
Revenue Growth %: +5.0%
Financial Fact:
Discount revenue: 4.44B
Today's EPS Names:
NED, OESX, WSTL, More
Revenue Growth %: +5.0%
Financial Fact:
Discount revenue: 4.44B
Today's EPS Names:
NED, OESX, WSTL, More
Trade AXP Now!
Shares of American Express (NYSE: AXP) are trading about 1% lower in the post-market session as traders are taking profits following the company's Q4 results.
AmEx posted quarterly net income of $1.1 billion, up a sharp 48% from the $716 million reported during the same quarter last year. Breaking this level of profit out into a per share basis, American Express reported earnings of 88 cents per share. Including a $113 million (or $74 million after-tax) charge, the credit-card operators adjusted-EPS came in at 94 cents, inline with the earnings the Street had been looking for.
Turning to sales, AmEx reported consolidated sales of $7.33 billion, up about 13% from the $6.5 billion reported during Q4 of 2009. The Street had been looking for quarterly sales of $7.29 billion.
The company reported a 27.5% return on average equity, up from the 14.6% reported during the same quarter last year.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
AmEx posted quarterly net income of $1.1 billion, up a sharp 48% from the $716 million reported during the same quarter last year. Breaking this level of profit out into a per share basis, American Express reported earnings of 88 cents per share. Including a $113 million (or $74 million after-tax) charge, the credit-card operators adjusted-EPS came in at 94 cents, inline with the earnings the Street had been looking for.
Turning to sales, AmEx reported consolidated sales of $7.33 billion, up about 13% from the $6.5 billion reported during Q4 of 2009. The Street had been looking for quarterly sales of $7.29 billion.
The company reported a 27.5% return on average equity, up from the 14.6% reported during the same quarter last year.
Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW
*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here
You May Also Be Interested In
- Hewlett-Packard Company (HPQ) Tops Q2 EPS by 6c as Sales Slide 10%
- L Brands, Inc. (LTD) Tops Q1 EPS by 2c; Guides Q2, FY13 EPS
- First Lady Michelle Obama Attends Announcement of a $1 Million Grant from American Express to the White House Historical Association to Preserve D.C.’s Decatur House
Create E-mail Alert Related Categories
EarningsRelated Entities
Earnings
Login with Facebook
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
